CAIT urges govt to investigate Flipkart’s business model that allows it to allegedly violate FDI rules of India
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The Confederation of All India Traders (CAIT) has urged the Indian government to investigate Flipkart over alleged foreign direct investment (FDI) policy and taxation rules violations, alleging that the Walmart-owned firm has “creatively” restructured its business model to exercise control over inventory and retail prices. CAIT alleged that Flipkart has created two-tiers of business, which only exist on paper for tax evasion.